Project News
Waaree wins Turnkey EPC order of 5MW Solar PV Plant
Vulcan receives EUR 100M funding commitment for heat supply project
Vulcan Energie has received a government funding commitment for the HEAT4LANDAU project , which aims to decarbonise the district heating networks in Landau , Rhineland-Palatinate . The project includes the infrastructure for the generation , transport , and supply of up to 255 MW of geothermal energy . The funding comes from subsidies from the Federal Ministry for Economic Affairs and Climate Protection ( BMWK ) and the |
European Recovery and Resilience Facility ( ARF ). These are provided via the German Recovery and Resilience Plan ( DARP ) as part of the guidelines for federal funding for efficient heating networks ( BEW ). The BEW funding will be paid out in proportion to the total eligible expenditure : around EUR 22M in 2026 and a further EUR 78M in 2027 . The HEAT4LANDAU project is an integral part of the company ’ s first ‘ Lionheart ’ project phase . |
Waaree Energies Pvt Ltd , operating in the field of Manufacturing Solar PV Modules , Design Engineering , Procurement , Construction , Operation & Maintenance of Solar PV Power Plants , has won a Turnkey project order for a 5 MW Solar PV Power Plant for Avatar Solar , California – USA . Quoting Mr . Falgun Dave , Director of Avatar Solar , California – USA “ It gives us immense pleasure to award EPC contract of 5 MW Solar PV project to Waaree Energies Pvt Ltd . This Power plant would be set up in Gujarat Solar Park at Charanka , Patan Gujarat . The |
electricity generated by this plant would be supplied to Gujarat Urja Vikas Limited ( GUVNL ) and shall catalyse growth and sustainability in the region . The experience of WAAREE in timely & efficiently executing the MWp projects shall be an added advantage to us ”. “ At WAAREE we believe in delivering the best to our customers . The team at WAAREE is highly motivated and continuously innovate to excel in all the projects that we execute . This project shall open new avenues for us in foreign markets . “ Said Mr . Hitesh Doshi , Chairman of Waaree Group . |
HMIL to establish two renewable energy plants in Tamil Nadu
Hyundai Motor India Limited ( HMIL ) is set to establish two renewable energy plants in Tamil Nadu as part of its plan to transition to 100 % renewable electricity across its operations by 2025 . The company has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy Limited ( FPEL ) at its Chennai Manufacturing Plant . This initiative includes the development of a 75 MW solar power plant and a 43 MW wind
power plant , which will operate under a Group Captive Mode to cater to HMIL ’ s renewable energy needs . HMIL aims to meet the RE100 benchmark , a global corporate renewable energy initiative by the Climate Group , which brings together businesses committed to using 100 % renewable electricity . As of June 2024 , the company fulfills 63 % of its energy requirements through renewable sources . By
reaching the RE100 target , HMIL intends to join other businesses in adopting sustainable practices . Under the terms of the partnership , HMIL will invest Rs 38 crores in the project , holding a 26 % equity stake , while FPEL will hold the remaining 74 %. The renewable energy plants will supply over 25 crore units of clean energy annually for 25 years , with an expected reduction in CO2 emissions by 2 lakh tons per year .
Alfa Laval continues to invest in growth
Alfa Laval is hosting its annual Capital Markets Day in San Bonifacio , Italy , at one of the company ’ s heat exchanger production sites . The company is presenting an update on its strategic priorities , financial targets , and investment plans to secure continued growth . As part of the investments , Alfa Laval announces plans to effectively reach its scope 1 and 2 net zero targets by 2027 , three years ahead of the originally announced target year . Following years of both organic and inorganic growth at Alfa Laval , coupled with significant investments in expanding production capacity and developing innovative solutions and products for the future , Alfa Laval is presenting plans to secure further growth through technology and footprint investments . Given the pace of growth in Alfa Laval ’ s key markets , in combination with a strong financial position allowing value accretive inorganic growth opportunities , the current assumption is that Alfa Laval will reach 100 BSEK in annual sales by 2030 at the latest . As part of the priorities made over recent years , significant investments have been made in implementing robust and ambitious plans to address every aspect possible related to achieving net zero targets for scope 1 and 2 . The main part of the plans is to increase energy efficiency and replace fossil fuels with renewable energy in processes across divisions and the company ’ s locations around the world . Alfa Laval ’ s climate targets , validated by the Science Based Targets initiative , were initially to reach net zero for scope 1 and 2 by 2030 , and a 50 % reduction in scope 3 emissions .
56 Heat Exchanger World December 2024 www . heat-exchanger-world . com